# PPP loan: STANDARD COATING INC.
> **$659K** approved 04/16/2020 · Paid in Full · Loan `2544427206`
## Borrower
- **Name:** STANDARD COATING INC.
- **Address:** 32565 DEQUINDRE RD, MADISON HEIGHTS, MI, 48071
- **NAICS:** 424950
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $659K
- **Initial approval:** $659K
- **Forgiven:** $664K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $527K
- **Rent:** $32K
- **Utilities:** $60K
- **Health care:** $39K
- **Jobs reported:** 70
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*